They always talk big but they’ve never been able to prevent a recession or stock market sell-off. https://www.marketwatch.com/story/fed-has-the-tools-to-combat-next-recession-bernanke-says-2019-10-03
LOL, this also reminds me of our egotistical Congressmen & Senators. I don't know how they can honestly believe that 435 elected officials can out think/plan 330 million citizens...........Insanity.
Thanks for sharing, Jon
I think we need to get rid of the Federal Reserve Bank personally. They've been a blight on the free markets for too long. If exuberance tends markets higher, or lower, then so be it. Let the free markets determine the price of "things" . I never have been a Keynesian disciple. Always found it to be anti-productive. Just my humble opinion, or IMHO, for you millennials.
Well logically said, as always, Mr. Hyman. Hope your time with Grandpa was a blessing for all. God Bless.